Fast track Residence Permit may be obtained through a secure property investment, the financial criteria are as follows:
- The Purchase Price must be at least 300,000 Euro (not including VAT) sold for the first time.
- At least 200,000 Euro (not including VAT) should be paid to the Vendor.
- Proofs of transfer of 200,000 Euro (not including VAT) from abroad must be provided.
- The applicant should also have a deposit of €30.000 pledged in a bank account in Cyprus for 3 years.
- The applicant should prove that has at disposal a secure annual income of at least €30.000.